[Stu from NYC]

Originally Posted by Mendy

While the 40%+ recovery in 80 days is unprecedented, remember that the Fed is heavily subsidizing risk assets (stocks) amidst a stream of bad financial news. Also remember that other subsidies (i.e. extra $600 UE benefits) expire on 7/31. Will be interesting to watch the jobs report in August. Remain cautious at least until after the election and likely into Q1 2021. Hopefully we won't have a double dip, but wouldn't surprise me.

Only way we get a double dip is if we get a second wave and at same time less progress in treatment and vaccine than they are saying.

[ColdNoMore]

Originally Posted by Mendy

While the 40%+ recovery in 80 days is unprecedented, remember that the Fed is heavily subsidizing risk assets (stocks) amidst a stream of bad financial news. Also remember that other subsidies (i.e. extra $600 UE benefits) expire on 7/31. Will be interesting to watch the jobs report in August. Remain cautious at least until after the election and likely into Q1 2021. Hopefully we won't have a double dip, but wouldn't surprise me.

That's exactly the way I see it and the reason I got out and am standing on the sidelines... for the foreseeable future.

[Kenswing]

Originally Posted by Stuart Zaikov

Only way we get a double dip is if we get a second wave and at same time less progress in treatment and vaccine than they are saying.

Even if we have a second wave I doubt the country will be buffaloed into shutting down again.

[CoachKandSportsguy]

Originally Posted by tophcfa

The only thing the post actually explains is that one should not take investment advise from an accountant.

Very true! An accountant knows the cost of everything and the value of nothing! I work in a group of them at the moment, and its a very painful and tedious experience arguing over how certain activities and costs go in which bucket, legally and illegally.

sportsguy

[skyking]

Originally Posted by ColdNoMore

That's exactly the way I see it and the reason I got out and am standing on the sidelines... for the foreseeable future.

Wall Street closed out a monster August on Monday, with major benchmarks notching their best month in at least 20 years, bolstered by ultra-accomodative Federal Reserve policy, moderating coronavirus infections and rising optimism for a COVID-19 vaccine that may backstop economic growth.